When it Comes to Buying a Home, Children Rule the Roost
Parents have long suspected it’s true, but a new study from Coldwell Banker Real Estate confirms it: When it comes to making decisions about buying or selling a home, and where to locate, children may be the defacto “Chief Purchasing Officers” of the family. The survey, which was conducted among 2,800 parents across three generations, revealed that 79 percent of Millennial parents (parents age 18-34) and 70 percent of Generation X parents (parents age 35-49) said most of their major purchasing decisions revolve around their children, including home purchases.